$MingZhu Logistics (YGMZ.US)$ I am surprised there is no new...
$MingZhu Logistics (YGMZ.US)$ I am surprised there is no news from company .. and share price is going down day by day ... It can be only 2 thjngs ;
1) either they know this is going to happen
2) they know the share price will come to its original price again ... A parabolic REBOUND
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Predator_356 OP : i believe it will rebound and will rebound at post or premarket times when there is no HALT or circuit breaker
Super low : It is about to be delisted, with the expiration date at the end of the month.
Predator_356 OP Super low : they still have 180 days
Predator_356 OP Super low : delist wont happen until march 2026
TheLongKhan Predator_356 OP : they got a 15day stay on the delisting until nasdaq makes a decision on their appeal. they do not qualify for the 180 day extension. they will likely move to the capital market as they have made application to go there bc the market cap req is on 35mil as apposed to 50mil
ssccc : So, will it be delisted in a few days?
Travelforfreedom : Usually, companies get 180 days to fix such non-compliance. But MingZhu is not eligible for that grace period, because it already carried out a reverse stock split on 1 July 2024 — which triggers stricter rules. but this is gambling
锕禄的养老基金 TheLongKhan : Where does the document show that they have already applied?